New Town Development Corporations to deliver more homes
The government is planning to set up several New Town Development Corporations to build thousands of homes across the country over the next five years.
The corporations will be accountable to local councils and be responsible for new towns and garden communities in their area.
They will oversee the planning and project development, bringing on board private investment and partnering with developers. They will also be expected to involve communities in their projects, which includes allowing residents to have their say on how high-quality homes are delivered.
Subject to the normal planning requirements, including safeguards that protect the Green Belt, the corporations will be led by teams made up of council representatives, community stakeholders, experts in delivering major projects and other partner organisations involved in the delivery of sites.
This measure is part of the government’s wide-ranging programme of planning reform and targeted funding to deliver 300,000 homes a year by the mid-2020s.
The regulations, which are subject to further debate by MPs, are expected to come into force later this year once approved by Parliament.
Please contact Dipak Odedra or Lucie Stewart if you would like help with the legal aspects of buying or selling a home.